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Real Estate Lingo — Part II

Dual Agent: A certified real estate seller who corresponds to both buyer and vendor in a business deal at the same time. Escrow: A process in which an unbiased party holds all funds, documents, which are required to the sale, with directives from both buyer and seller as to their use and disposition.FHA Loan: A [...]

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Real Estate Lingo — Part I

Below are some list of Real Estate Terminologies that you may find useful.Adjustable Mortgage Loans: Mortgage loans under which the interest rate is from time to time adjusted to more personally correspond with existing rates. Amortization: Repayment of the balance due  through monthly payments of the principal and interest. This is established on a timetable [...]

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Existing home sales inch up in November

WASHINGTON – Sales of previously owned homes nudged up in November, but that didn’t improve the broader picture of a feeble housing market racked by record-high foreclosures and harder-to-get credit. The National Association of Realtors reported Monday that sales of existing single-family homes, condominiums and townhouses rose 0.4 percent in November from October, to a [...]

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Emerging real estate trends

San Francisco i sknown to rank fifth in the US as a location for real estate development and investment, according to a national study released in San Francisco. The cty lost to New York City, which was considered to be the most desirable metropolitan area for investments in development and real estate, according to the [...]

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Real estate commissions rise

Home sellers were in the driver’s seat and the real estate agents were courting them – most often at bargain commission rates. This was during the housing boom. But now, the bubble has burst–the tables have turned the other way. In 1991, 6.1% was the average commission rate, according Steve Murray, of Real Trends, a [...]

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Simplifying The Business Process

Yet after the agreement is signed and unforeseen events are met, there are many particular and information that needs to be taken care of prior to calling your house a home. These days, there are agencies that can help you with the details out of your hands and everything will run smoothly as possible. Services [...]

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Home Inspectors

Home inspectors usually operate as a self-supporting contractors. As a result, it’s hard for them to give a history of consumer criticisms to a new client. There are sites like Yellowpages.com that contains ratings. Though some clients don’t bother to rate the inspector’s services. Ratings depend on the are that was covered. An inspector can [...]

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More Banks Default – Others Shed Home Financing Products and Arms

Mainly due to the current economic conditions and the huge exposure banks had to the housing crisis, many are reeling anf trying to shed off their home financing products to prevent a repeat of their losses that have piled up to quite a lot since this current economic crisis began. Foreclosures abound and financing arms [...]

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Home Prices Still Low But Price Dip Slows

Home prices are slowing their dip but experts say this is still a way off the expected recovery they want. Home prices have been going down since the financial crisis that has so crippled the globe started resulting in almost bargain properties and even luxury homes are being priced lower than their original list prices. [...]

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Banking Sector Reels for Housing Woes

Many minor banks are failing due to massive exposure to the housing market problems that has left them with so many houses to sell that they are having to resort to selling it at discount prices just to get some cash back into their businesses to keep them going. Many local banks are auctioning their [...]

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